Enable Midstream Partners Technical Analysis (NYSE:ENBL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Enable Midstream Partners stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ENBL stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Enable Midstream Partners. The technical analysis form of Enable Midstream Partners stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Enable Midstream Partners Moving Average
Moving averages show the average price of ENBL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $18.29 is above the last closing price of $17.56 and the 50 day moving average of $17.54 is below the last closing price of $17.56. The 10 and 20 day periods can predict short term moving average trends.
Enable Midstream Partners Bollinger Bands
Bollinger bands comprise of a center line usually ENBL SMA, and two ENBL stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Enable Midstream Partners bollinger bands.
Enable Midstream Partners Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Enable Midstream Partners MACD line is above the signal line.
Enable Midstream Partners Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 38.73 is the RSI value of ENBL stock.